A permanent magnet is made from ferromagnetic materials, and it creates its own magnetic field and retains magnetic properties. Permanent magnet exhibits magnetic properties even if is removed from a magnetic field. Permanent magnet can be broadly classified into rare earth, ferrite, aluminum-nickel-cobalt (Alnico), and other magnets. Permanent magnet motor is manufactured with permanent magnets in rotors. Rare earth magnets, made from rare earth metals, are used as the permanent magnets in this motor.
Unlike electromagnet, permanent magnet does not require continuous electric energy to maintain its electric field.
The analysts forecast global permanent magnet motors market to grow at a CAGR of 11.37% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global permanent magnet motors market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of the following motors: NdFeb, samarium cobalt, and ferrite permanent magnet motors.
The report, Global Permanent Magnet Motors Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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- Baldor Electric
- Franklin Electric
- Rockwell Automation
Other Prominent Vendors
- Allied Motion Technologies
- Johnson Electric Holdings
- Increased Efficiency
- High Price of Rare Earth Magnets
- Demand for Alternative Sources of Energy
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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